| Red Kite Property Holdings Limited |
| Registered number: |
14435840 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
790,406 |
|
|
792,406 |
|
| Current assets |
| Debtors |
4 |
|
632 |
|
|
600 |
| Cash at bank and in hand |
|
|
6,530 |
|
|
11,947 |
|
|
|
7,162 |
|
|
12,547 |
|
| Creditors: amounts falling due within one year |
5 |
|
(794,072) |
|
|
(804,110) |
|
| Net current liabilities |
|
|
|
(786,910) |
|
|
(791,563) |
|
| Net assets |
|
|
|
3,496 |
|
|
843 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
3,396 |
|
|
743 |
|
| Shareholders' funds |
|
|
|
3,496 |
|
|
843 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr G C Davies |
| Director |
| Approved by the board on 15 December 2025 |
|
| Red Kite Property Holdings Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).
The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rents earned from the rental of investment properties and is recognised in the period to which the right to receive the rent under the tenancy agreement relates. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
|
Investment properties |
not depreciated |
|
Furniture and equipment |
over 5 years |
|
|
|
Investments properties |
|
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value where they can be measured reliably without undue cost or effort on an on-going basis . Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
Going Concern |
|
The company has indebtedness to its unsecured loan creditors and the directors, as reported in note 5. The company is reliant on the continued support of these loans. The directors do not consider this support will be withdrawn and that the company can continue trading as a going concern for the foreseeable future. |
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Investment properties |
|
Furniture and equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
Additions |
784,406 |
|
10,000 |
|
794,406 |
|
At 31 March 2025 |
784,406 |
|
10,000 |
|
794,406 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
- |
|
2,000 |
|
2,000 |
|
On disposals |
- |
|
2,000 |
|
2,000 |
|
At 31 March 2025 |
- |
|
4,000 |
|
4,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
784,406 |
|
6,000 |
|
790,406 |
|
At 31 March 2024 |
784,406 |
|
8,000 |
|
792,406 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
632 |
|
600 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Loans (unsecured) |
789,613 |
|
789,613 |
|
Trade creditors |
2,618 |
|
2,741 |
|
Taxation and social security costs |
1,091 |
|
2,759 |
|
Other creditors |
750 |
|
8,997 |
|
|
|
|
|
|
794,072 |
|
804,110 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2025 |
|
2025 |
|
2024 |
| value |
Number |
£ |
£ |
|
Allotted issued and fully paid |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
The Directors have loaned the company a sum of £262,887 (2024 - £262,887) to asset in the original purchase of the Investment Properties. Interest linked to the bank's base rate is paid quarterly in arrears. The total interest due during the period of these financial statements was £12,317 (2024 - £14,136). |
|
|
| 8 |
Other information |
|
|
Red Kite Property Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Hurst Cottage |
|
Hurst Lane |
|
Winchester |
|
Hants |
|
SO21 1JQ |